Interest Rates Continue To Rise As Gold Demand Remains Strong

GOLD

With interest rates continuing to move higher (10-Year Treasury at 1.97%), Gold demand and price remains strong. The Gold price was firm during the entire trading day, reaching a high of $1,830 per ounce. At 11am PT today, Gold is trading at $1,831 per ounce, up $10 on firm volume.

SILVER

Silver tested the important $23 per ounce support level, reaching a low of $22.86. But, it rallied back and spent most of today trading above the $23 level. At 11am PT today, Silver is up $0.30 per ounce, trading at $23.35 on excellent volume.